A proposal by a national lawmaker for all family planning restrictions to be lifted in the northeastern provinces of Heilongjiang, Jilin and Liaoning, which previously formed the industrial belt of the country, has attracted unenthusiastic responses.
China's first special regulation on the use, management and supervision of China's medical insurance funds. of medical insurance funds takes effect on 1 May.
China will study the feasibility this year of allowing Chinese residents to conduct overseas insurance and securities trading under the current annual quota of $50,000 for purchases of foreign exchange by individuals.
Motor insurance business nationwide recorded an increase of a marginal 0.7% in premium income to CNY824.5bn ($127.7bn) in 2020, the regional perspective shows that most markets still maintained positive growth last year.
China's four online-only insurers have shown vastly different results in 2020, according to information disclosed in their 4Q2020 solvency reports.
The CBIRC has issued an exposure draft on the methods of evaluation of the performance of directors and supervisors of banking and insurance institutions.
Equities have been ranked by the insurance industry as their top investment choice this year, according to the first phase of the 2021 China Insurance Asset Management Industry Investor Confidence Survey released by the Insurance Asset Management Association of China (IAMAC) last month.
Sino-French Life Insurance is expected to continue to be under pressure in the first quarter of this year even though its liquidity crisis has been resolved with the injection of CNY2.8bn of fresh funds by new shareholders.
The aggregate full-year profits of insurance companies in China for 2020 are expected to have exceeded CNY343.2bn ($53.1bn), an increase of CNY29.85bn or 9.5% higher than in 2019. The favourable results were backed by investment income of around CNY1.1tn.
Forty-seven of 66 unlisted life insurance companies in China that have disclosed their preliminary 2020 financial results reported profits while 19 others chalked up net losses.